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Energy
Globeleq Expands Renewable Portfolio in Africa with Acquisition of Mocuba Solar…
Globeleq, the leading independent power company in Africa, has reached an agreement to acquire Scatec A.S.A.'s…
Federal Government Faces Revenue Shortfall from Gas Flaring Penalties
The Federal Government recorded a revenue shortfall of N13.33 billion in January and February 2023 from gas…
Geregu Power Makes N8.78bn Advance Payment to Italian Firm for Turbine Overhaul
Geregu Power Plc, a power generating company in Nigeria, revealed that it has made advance payments totaling…
Amea Power Secures $75 Million Funding from SoftBank Group for Expansion
Dubai-based renewable energy company, Amea Power, has successfully secured a $75 million equity funding round from…
Concerns Mount Over Power Tariff Review Amid Rising Subsidy Costs
The Nigerian Electricity Regulatory Commission (NERC) has reported that the Federal Government's spending on…
Nigerian Power Distribution Companies Apply for Tariff Review
The Federal Government has announced that the 11 power distribution companies (Discos) in Nigeria have submitted…
New Gas Pricing Template and Clearing Power Sector Debts: Boosting Nigeria’s…
A new gas pricing template for the power sector and gas-based industries in Nigeria is awaiting approval from…
Nigeria’s Dominance in Africa’s Gas Market: A Promising Future
Nigeria's gas reserves have positioned the country as a dominant player in Africa's gas market, accounting for 33…
50 New Power Generation and Metering Licenses are Issued by NERC.
The Nigerian Federal Government granted 50 new power generation and metering permits in the last quarter of last…
According to NBS, Discos made N480 billion in Six Months.
According to the National Bureau of Statistics' latest Electricity Report for the first quarter of 2023, despite a…
States start the process of establishing utility commissioners under the…
There are significant signs that the state governments, which are considered to be federating units under the…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection…
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the…
Electricity Act: Manufacturers Predict a Sharp Decline in the Cost of Alternative…
The new Electricity Act, according to the Manufacturers Association of Nigeria (MAN), will result in a sharp…
NBET and Transcorp Sign 726MW Power Purchase Agreement.
Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET)…
The $1.3 billion Zungeru Hydroelectric Plant has been completed and is ready for…
Abubakar Aliyu, Minister of Power, has announced that the 700 megawatt Zungeru Hydroelectric Power Project has…
FG Disconnects Discos from National Grid Over Debt.
Millions of electricity consumers could be plunged into darkness in the coming weeks as the federal government,…
Nigeria Loses Contracts for Gas Export Due to Inadequate Investment.
Nigeria has lost gas export contracts worth billions of dollars due to a lack of investment in the sector. It was…
Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.
…
FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they…
A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion…
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or…
The East Coast Refineries Get Rare Cargoes of Forties Crude.
The latest indication that Russia's invasion of Ukraine is altering global oil supplies is that U.S. and Canadian…
NNPCL Releases 515.99 ml of Petrol Each Week.
The 33 depots evacuated 515.99 million liters of Premium Motor Spirit (PMS) or gasoline between March 25 and March…
In March, Nigeria earned N1.8 trillion from oil exports.
Nigeria's earnings from crude oil export rose by N337 billion in March to reach N1.8 trillion. This occurred when…
As OPEC+ Reduces Output, the Price of Oil Increases.
After the voluntary production reduction by Organization of Petroleum Exporting Countries (OPEC) members and OPEC…
Removal of Subsidies Will Enable N7trn’
Dr. Muda Yusuf, the chief executive officer of the Center for the Promotion of Private Enterprise (CPPE), listed…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year…
$1.9bn Loss: Oil Theft Panel Charges Operators and Regulators.
Operators and regulators in Nigeria's oil sector have been charged with extensive acts of sabotage in the…